Simoncini to leave Lear in 'strongest position in it - leatherbiz: Lea Leatherbiz

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Simoncini to leave Lear in 'strongest position in its history'

30/01/2018
Simoncini to leave Lear in 'strongest position in its history'
Lear Corporation, owner of the Eagle Ottawa automotive leather group and one of the world's biggest seating suppliers, has reported a record year of sales and profits, boosted by the acquisition of Spanish rival Grupo Antolin.

Revenues in 2017 reached  $20.5 billion, up 10% from a year ago.

Lear CEO Matt Simoncini said: "We are in the strongest overall competitive position in our history. Our total return to shareholders last year was 35%."

Mr Simoncini will step down from his role on February 28 after five years in the job and 11 in total at the company.


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